8/3/2019 The daily charts for the major averages remain positive.

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Richard Suttmeier is the Chief Market Strategist at www.ValuEngine.com.ValuEngine is a fundamentally-based quant research firm in Newtown, PA. ValuEnginecovers over 7,000 stocks every day.

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Oct 11, 2011 The dai ly char ts for t he major averages rem ain posi t ive.

The daily charts remain positive for the major equity averages, which now straddle 50-day

simple moving averages at; 11,224 Dow Industrial Average, 1175.8 SPX, 2507 NASDAQ, 2196NDX, 4476 Dow Transports, 688.54 Russell 2000 and 354.57 SOX. Note that the Russell 2000 isbelow its 50-day as the laggard in this trading range rebound. The upper end of the tradingranges since August 9th are; 11,716.84 Dow Industrials, 1230.71 SPX, 2643.37 NASDAQ, 2337.7NDX, 4778.76 Transports, 737.64 Russell 2000 and 385.84 SOX. In-between these levels the Dowand SPX are below their annual pivots at 11,491 and 1210.7. The daily charts for gold, crude oiland the euro are also positive. Gold is between its 200-day simple moving average at $1535.6and its 50-day at $1749.0. Oil moved above its 200-week and 50-day SMAs at $83.57 and $85.36but is between them this morning. The euro is below its Death Cross 50-day and 200-day at1.3967 and 1.4058.

10-Year Note (2.068) Monthly, semiannual, quarterly and annual value levels are 2.222, 2.414,2.669 and 2.690 with daily, weekly, and semiannual risky levels at 1.897, 1.776 and 1.672. Mysemiannual risky level at 1.672 was tested on September 23rd.

Courtesy of Thomson / Reuters

8/3/2019 The daily charts for the major averages remain positive.

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Comex Gold ($1677.6) Semiannual and annual value levels are $1469.9 and $1,356.5 withsemiannual and daily pivots at $1644.8 and $1679.3, and quarterly, weekly and monthly risky levels a

$1738.4, $1760.1 and $1811.4, and the September all time high at $1923.7. The 200-day simplemoving average is $1535.6 with the 50-day at $1749.0.

Courtesy of Thomson / Reuters

Nymex Crude Oil ($85.80) The October 4th year-to-date low is $74.95 with weekly and daily valuelevels at $82.35 and $81.87, and monthly, quarterly and annual risky levels at $98.51, $100.34, $99.9and $101.92.

Courtesy of Thomson / Reuters

8/3/2019 The daily charts for the major averages remain positive.

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The Euro (1.3652) Weekly, daily and quarterly value levels are 1.3345, 1.333 and 1.2598 withmonthly and semiannual risky levels at 1.4579, 1.4752 and 1.4872. The daily chart shows the 50-

day simple moving average at 1.3967 trading below the 200-day at 1.4058 in whats called aDeath Cross.

Courtesy of Thomson / Reuters

Daily Dow - (11,433) The new YTD low is 10,404.49 with the 200-week and 120-month simple movingaverages at 10,650 and 10,609, daily and weekly value levels at 11,115 and 10,894, the 50-day at

11,244, my annual pivot at 11,491, and monthly and quarterly risky levels at 12,091 and 12,507.Semiannual value levels are 9,635 and 8,468.

Courtesy of Thomson / Reuters

8/3/2019 The daily charts for the major averages remain positive.

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S&P 500 (1194.9) The October 4th YTD low is 1074.77 with semiannual value levels at 981.3 and855.7, daily and weekly value levels at 1153.2 and 1137.5, the 50-day at 1175.8, and annual, monthly,

quarterly and annual risky levels at 1210.7, 1259.8, 1303.7 and 1562.9.NASDAQ (2566) The October 4th YTD low is 2298.89 with my annual pivot at 2335, semiannualvalue levels at 2199 and 2049, daily and weekly value levels at 2445 and 2436, the 50-day at 2507,and monthly, quarterly and annual risky levels at 2680, 2807 and 3243.

NASDAQ 100 (NDX) (2279) The YTD low is 2034.92 with semiannual and annual value levels at1951, 1861 and 1723, my daily and weekly value levels at 2160 and 2171 and 2126, the 50-day and200-day at 2196 and 2290, and monthly, quarterly and annual risky levels at 2312, 2440 and 2590.

Dow Transports (4528) The October 4th YTD low is 3950.66 with my semiannual value level at3868, daily, semiannual and weekly value levels at 4402, 4335 and 4108, the 50-day at 4476, andmonthly, annual and quarterly risky levels at 4980, 5179 and 5359.

Russell 2000 (684.90) The October 4th YTD low is 601.71 with semiannual value levels are 577.47and 530.04, my daily and weekly value levels at 66.23 and 641.17, the 50-day at 354.57, and monthlyannual and quarterly risky levels at 778.77, 784.16 and 802.96.

The SOX (366.79) The October 4th YTD low is 322.24 with annual and semiannual value levels at270.98, 258.97 and 204.67, my daily and weekly value levels at 345.20 and 345.74, the 50-day at354.57, and monthly and quarterly risky levels at 363.01 and 417.63.

Equity Fundamentals Stocks are extremely undervalued. 85.5% of all stocks are undervalued / 14.5% of all stocks are overvalued. In March 2009 we

saw 91.1% of all stocks undervalued. All sixteen sectors are undervalued by double-digit percentages, fourteen by 21.3% to 31.5%.

Back in March 2009 the sectors were undervalued by 33% to 45%. Check out and subscribeto www.ValuEngine.com.

VE Morning Briefing If you want expanded analysis of the US Capital Markets including a FearlessPrediction of the Week and a Stock of the Day go to this link and sign up:http://www.valuengine.com/nl/mainnl?nl=D

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ETF Weekly If you want my Value Levels and Risky Levels for 30 Electronically Traded Funds usethis link and sign up: http://www.valuengine.com/nl/mainnl?nl=U

ValuEngine FDIC Evaluation Report In this report I slice and dice the FDIC Quarterly BankingProfile. We publish a ValuEngine List of Problem Banks in this publication:http://www.valuengine.com/nl/mainnl?nl=C

Definition of MOJO This is my term for technical momentum. I use whats called 12x3x3 slowstochastic readings from daily, weekly and monthly charts. The scale is zero to 10.0 where above 8.0is overbought and below 2.0 is oversold.

8/3/2019 The daily charts for the major averages remain positive.

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Buy and Trade Strategies for Long Positions Value Level The price at which you establish an additional long position on share price

weakness. This is done on a GTC Limit Order to buy weakness to the Value Level.

Risky Level The price at which you remove a single long position or reduce a multiplelong position on share price strength. This is done on a GTC Limit Order to sell strength tothe Risky Level.

Buy and Trade Strategies for Short Positions Value Level The price at which you remove a single short position or reduce a multiple

short position on share price weakness. This is done on a GTC Limit Order to buy weaknesto the Value Level.

Risky Level The price at which you establish an addition short position on share pricestrength. This is done on a GTC Limit Order to sell strength to the Risky Level.

Richard SuttmeierChief Market StrategistValuEngine.com(800) 381-5576

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As Chief Market Strategist at ValuEngine Inc, my research is published regularly on the website www.ValuEngine.com. I have daily, weekly, monthly, andquarterly newsletters available that track a variety of equity and other data parameters as well as my most up-to-date analysis of world markets. My

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I Hold No Positions in the Stocks I Cover.